Топ-100 ⓘ Encyclopedia - Government corporations - Wiki Did you know?

ⓘ Encyclopedia | Government corporations - Wiki ..


Bank of North Dakota

The Bank of North Dakota is a state-owned, state-run financial institution based in Bismarck, North Dakota. It is the only government-owned general-service bank in the United States.


Investment Corporation of Bangladesh

Investment Corporation of Bangladesh is a statutory corporation of Government of the Peoples Republic of Bangladesh, established on 1 October 1976 under No. 40 of Investment Corporation of Bangladesh Ordinance, 1976. It is mainly an investment bank operating in Bangladesh, established to accelerate the pace of industrialization and to develop a sound securities market in Bangladesh. ICB is one of the largest investors in share market of Bangladesh. Investing in share market, providing loans and advances, acting as manager/trustee/custodian of mutual funds are some of main activities of ICB. Its the most successful state-owned corporation of Bangladesh in terms of profitability. Classification of shareholders, as on 30 June 2013, shows that Government of the Peoples Republic of Bangladesh holds 27% of the shares of ICB and it is enlisted in Dhaka and Chittagong stock exchanges.


Municipal corporation

A municipal corporation is the legal term for a local governing body, including cities, counties, towns, townships, charter townships, villages, and boroughs. The term can also be used to describe municipally owned corporations.


Municipally owned corporation

Municipally owned corporations are corporations owned by municipalities. They are typically "organisations with independent corporate status, managed by an executive board appointed primarily by local government officials, and with majority public ownership." Some municipally owned corporations rely on revenue from user fees, distinguishing them from agencies and special districts funded through taxation. Municipally owned corporations may also differ from local bureaucracies in funding, transaction costs, financial scrutiny, labour rights, permission to operate outside their jurisdiction, and, under some circumstances, in rights to make profits and risk of bankruptcy. The causes and effects of municipally owned corporations are posited to be different from those of state-owned enterprises. Corporatization may be more utilised locally than nationally a way to allow hybrid or flexible forms of public service delivery such as public-private partnerships and inter-municipal cooperation. It also allows charging user fees. Effects can be different because of lower regulator expertise, lower contracting capacity for municipalities, and the higher presence of scale economies. Current research shows that municipally owned corporations are frequently more efficient than bureaucracy but have higher failure rates because of their legal and managerial autonomy. An additional problem is the fact that municipally owned corporations often have more than one municipal owner, and conflict between municipal owners can lead to reduced output for the municipally owned corporation due to various negative spillovers.


Qatar Fund for Development

The Qatar Fund for Development is a government entity in the State of Qatar, which is responsible for Qatars international development and foreign aid; it was established by Law 19 of 2002. The QFFD also coordinates Qatars charitable and development institutions and the Director-General is Khalifa Jassim Al-Kuwari. In May 2017, the QFFD met with UNESCO to discuss the UNESCO Heritage Emergency Fund, which the QFFD helps fund, though other areas of cooperation were also incorporated into the discussion. Qatar has also pledged to help Rohingya refugees in Malaysia using the money from the QFFD.


Singapore Mint

The Singapore Mint was founded in 1968, after the independence of Singapore from Malaysia. Currently, Singapore Mint is contracted by Monetary Authority of Singapore to mint their numismatic coins. There are 4 outlets: Chinatown Point #02-18, City Square Mall #02-18 and Suntec City Mall #02-494. The Coin Gallery also the head office at 20 Teban Gardens Crescent, The Singapore Mint sells various coins, Singapore themed gifts as well as Singapore souvenirs. For coin collectors, they also sell foreign coins to save the hassle of shipping in from other countries. The Singapore mint also runs a Singapore Coins and Notes Museum, admission fee at $10 for adults and $6 for students, NSF servicemen and senior citizens. The coin gallery is closed. The mint collected S$5 million in 2009 when it organised a coin-note exchange, twice the amount of previous years, possibly due to the economic downturn.


Tennessee Student Assistance Corporation

The Tennessee Student Assistance Corporation was created by the Tennessee General Assembly in 1974 as a non-profit corporation with the merging of the Tennessee Educational Loan Corporation and the Tennessee Tuition Grant Program. The Tennessee Student Assistance Corporation is Tennessees designated federal guaranty agency responsible for the administration of post secondary educational loan programs authorized by the Title IV of the Higher Education Act of 1965, and further authorized by Tennessee Code Annotated Section 49-4-404. TSAC also administers other state and federal student assistance programs, including the popular HOPE Scholarship program. The HOPE Scholarship is a lottery-funded merit-based award. Tennessee high school graduates qualify for this $4.000/year award by graduating from high school with a 3.0 GPA or an ACT test score of 21. The award is renewable to those who maintain a college GPA of 2.75 after 24 credits, and a 3.0 GPA thereafter. TSAC is administered by a seventeen-member Board of Directors. Its daily operation is managed by an Executive Director and five Associate Executive Directors. Total staff number about 55. Current senior staff include Executive Director Robert W. Ruble, Associate Executive Director for Grants and Scholarships Tim Phelps, Associate Executive Director for Loan Programs Levis Hughes, Associate Executive Director for Business Affairs Mason Ball, Associate Executive Director for Compliance and Legal Affairs Tom Bain, and Associate Executive Director for Communication Services Jeri Fields


Texas Enterprise Fund

The Texas Enterprise Fund is a business incentive fund that was created by legislation in 2003. The fund, which had an initial 5 million investment, is used for ensuring the growth of business in Texas. One of Texas’ most competitive recruitment tools, these funds are used primarily to attract new business to the state or assist with the substantial expansion of an existing business as part of a competitive recruitment situation. Sources indicate that since 2003 the Fund has yielded up to.3 billion in capital investment in Texas by out-of-state companies. In 2004, authorization was given for the fund to grant $20 million to Countrywide Financial in return for a promise "to create 7.500 new jobs in the state by 2010." The grant all of which are approved by the Governor, the Lieutenant Governor and Speaker of the House is one of the largest made from the fund in terms of the size and the number of jobs promised. In the fall of 2007, while slashing jobs and with its stock price plummeting, Countrywide was eventually acquired in a fire sale by Bank of America. But thanks to the "claw-back" provisions in the program, grantees return all funds to the state for jobs not created. In 2012, it was announced that Apple would be adding a new campus in Austin, creating 3.600 new jobs. The Fund would be investing $21 million over ten years.


Vermont Student Assistance Corporation

Vermont Student Assistance Corporation is a public, nonprofit agency established by Governor Phil Hoff and the Vermont Legislature in 1965 to help Vermonters achieve their education and training goals after high school. VSAC serves students and their families in grades 7-12, as well as adults returning to school, by providing education and career planning services, need-based grants, scholarships and education loans. VSAC has awarded more than 0 million in grants and scholarships for Vermont students, and also administers Vermont’s 529 college savings plan. VSAC employs 160+ people and is governed by an 11-member Board of Directors. Five of the members are appointed by the Governor, two are legislative members, one is the State Treasurer, and the remaining three are chosen by the Board itself.